Question 1 

Payments on non-current liabilities that are paid monthly, quarterly, semi-annually, or at another defined period.

Question 1 options:

	Interest
	Installments
	Bonds
	Coupons
	None of the above

 

Question 2 

An interest rate that is constant for the entire term of a debt

Question 2 options:

	Fixed
	Floating
	Variable
	Either (b) or (c)
	None of the above

 

Question 3 

An interest rate that changes as the market rates change

Question 3 options:

	Fixed
	Floating
	Variable
	Either (b) or (c)
	None of the above

 

Question 4 

A secured note uses ___________ as security for the loan

Question 4 options:

	Bonds
	Liabilities
	Collateral
	Personal liability
	None of the above

 

Question 5 

__________________ principal payments are repayable in equal periodic principal amounts, plus interest

Question 5 options:

	Fixed
	Blended
	Variable
	Floating
	None of the above

 

Question 6 

Each instalment payment on a non-current note is made up of:

Question 6 options:

	Interest payment
	Reduction of principal
	Asset sales
	Both (a) and (b)

 

Question 7 

When using fixed principal payments the amount of principal reduction each month will

Question 7 options:

	Increase
	Stay the same
	Decrease
	Either (a) or (b)
	None of the above

 

Question 8 

__________________ principal payments are repayable in equal periodic amounts that include the principal AND the interest

Question 8 options:

	Fixed
	Blended
	Variable
	Floating
	None of the above

 

Question 9 

When using blended payments the amount of principal reduction each month will

Question 9 options:

	Increase
	Stay the same
	Decrease
	Either (a) or (b)
	None of the above

 

Question 10

When using blended payments the amount of interest each month will:

Question 10 options:

	Increase
	Stay the same
	Decrease
	Either (a) or (b)
	None of the above

 

Question 11 

When using fixed payments the amount of interest each month will:

Question 11 options:

	Increase
	Stay the same
	Decrease
	Either (a) or (b)
	None of the above

 

Question 12 

When using fixed payments the amount of the cash payment each month will

Question 12 options:

	Increase
	Stay the same
	Decrease
	Either (a) or (b)
	None of the above

 

Question 13 

When using blended payments the amount of the cash payment each month will

Question 13 options:

	Increase
	Stay the same
	Decrease
	Either (a) or (b)
	None of the above

 

Question 14 

Any principal reduction that is planned to occur in the next accounting period must be classified as a:

Question 14 options:

	Current Liability
	Non-Current Liability
	Current Asset
	Non-Current Asset
	None of the above